Policies

U.S. oil surged on Sunday evening as the market continued to weigh supply disruptions from Russia in its ongoing war with Ukraine.

Carl Icahn has sold the last of what was once a 10% stake in energy company Occidental Petroleum, The Wall Street Journal reported.

Tough sanctions mean that Russian ships can't dock at British ports, but a loophole means goods can still be transported via foreign ships.

It was reportedly bought at a record discount, with many firms shunning Russian oil due to Moscow's unprovoked invasion of its neighbor.

Glendale has proposed to spend $260 million on new natural gas generators, angering residents and environmentalists amid the state's clean energy transition.

The U.S. Treasury Department clarified Friday afternoon that Wall Street's traders and banks can continue to buy and sell Russian oil and gas.

Russia's assault on Ukraine has sparked an unprecedented rally in commodities that is likely to keep inflation burning hotter and longer.

Energy sector ETF managers discuss the sharp upward moves in their funds as the conflict between Russia and Ukraine intensifies.

The EU receives most of its natural gas supplies from Russia. In 2020, the country accounted for 43.4% of the EU's natural gas stock, followed by Norway at 20%.

Russia's Ukraine invasion could have set in motion an energy market disruption on the scale of major oil crises in the 1970s, according to Daniel Yergin.